Cullinan Associates Inc. decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 25.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,890 shares of the industrial products company’s stock after selling 6,667 shares during the quarter. Cullinan Associates Inc.’s holdings in Illinois Tool Works were worth $3,319,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Berkshire Asset Management LLC PA raised its position in shares of Illinois Tool Works by 30.5% during the 4th quarter. Berkshire Asset Management LLC PA now owns 17,126 shares of the industrial products company’s stock valued at $2,857,000 after acquiring an additional 3,998 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Illinois Tool Works by 3.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,126,515 shares of the industrial products company’s stock valued at $187,960,000 after acquiring an additional 38,844 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Illinois Tool Works by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 22,035 shares of the industrial products company’s stock valued at $3,676,000 after acquiring an additional 1,617 shares during the last quarter. Coastline Trust Co raised its position in shares of Illinois Tool Works by 8.5% during the 4th quarter. Coastline Trust Co now owns 28,698 shares of the industrial products company’s stock valued at $4,788,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Somerset Trust Co raised its position in shares of Illinois Tool Works by 2.4% during the 4th quarter. Somerset Trust Co now owns 16,590 shares of the industrial products company’s stock valued at $2,768,000 after acquiring an additional 396 shares during the last quarter. 74.73% of the stock is currently owned by hedge funds and other institutional investors.

ITW has been the subject of several recent research reports. Citigroup reiterated a “buy” rating and set a $162.00 target price on shares of Illinois Tool Works in a research report on Tuesday, September 26th. Argus reiterated a “buy” rating and set a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Wells Fargo & Co set a $170.00 target price on shares of Illinois Tool Works and gave the company a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating and set a $190.00 target price on shares of Illinois Tool Works in a research report on Wednesday, November 29th. Finally, Bank of America initiated coverage on shares of Illinois Tool Works in a research report on Monday, December 11th. They set a “buy” rating and a $190.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Illinois Tool Works currently has an average rating of “Hold” and a consensus target price of $168.25.

Shares of Illinois Tool Works Inc. (NYSE:ITW) opened at $170.32 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 1 year low of $122.61 and a 1 year high of $172.21. The company has a market cap of $58,591.28, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.33 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. research analysts expect that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

In other Illinois Tool Works news, insider Roland M. Martel sold 64,818 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the completion of the transaction, the insider now owns 26,222 shares in the company, valued at approximately $4,389,825.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Harold B. Smith sold 30,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $166.43, for a total value of $4,992,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,258 shares of company stock valued at $33,653,349. Corporate insiders own 0.90% of the company’s stock.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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